According to a new market report published by Lucintel, the future of the global waste or garbage collection vehicle market looks promising with opportunities in the light duty vehicle, medium duty vehicle and heavy duty vehicle markets. The global waste or garbage collection vehicle market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing amount of waste globally, rising concerns regarding public health, and growing government’s initiatives to educate people about waste management and recycling.
Front loader, rear loader, automated side loader, and others are the major market segments of the waste or garbage collection vehicle market by loader type. On the basis of its comprehensive research, Lucintel forecasts that rear loaders will remain the largest segment over the forecast period due to its teardrop-shaped form, it is considered as an excellent option for crowded metropolitan locations. It also reduces the probability of work injuries and crashes.
Within this market, medium duty vehicle is expected to remain the largest segment over the forecast period as these trucks are used in various applications, such as pickup, delivery, small dumps, and lighter garbage truck application. .
APAC will remain the largest region due to increase in investment in waste management so as to improve municipal waste in countries like China, India, and Singapore.
Zoomlion Heavy Industry Science & Technology, Dongfeng Motor, Heil - An Environmental Solutions, PAK-MOR, Daimler, The Autocar Company, EZ-Pack Refuse Hauling Solutions, Bridgeport Manufacturing, Geesinknorba, and McNeilus Truck & Manufacturing, are the major suppliers in the global waste or garbage collection vehicle market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global waste or garbage collection vehicle market by loader type, vehicle type, technology, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Waste or Garbage Collection Vehicle Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global waste or garbage collection vehicle market by loader type, vehicle type, technology, application, and region, as follows:
Waste or Garbage Collection Vehicle Market by Loader Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Front Loader
· Rear Loader
· Automated Side Loader
· Others
Waste or Garbage Collection Vehicle Market by Vehicle Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Light Duty Vehicle
· Medium Duty Vehicle
· Heavy Duty Vehicle
Waste or Garbage Collection Vehicle Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
· Manual
· Semi-automatic
Waste or Garbage Collection Vehicle Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Residential
· Non-Residential
Waste or Garbage Collection Vehicle Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Waste or Garbage Collection Vehicle Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the waste or garbage collection vehicle market by loader type (front loader, rear loader, automated side loader, and others), vehicle type (light duty vehicle, medium duty vehicle, and heavy duty vehicle), technology (manual and semi-automatic), application (residential and non-residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?